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Industrial output could have grown by 7.6 per cent this year

Coface--Romania-va-inregistra-o-crestere-economica-de-1-1-5--in-2012

Industrial output could have grown by 7.6 per cent this year compared with 2016, based on the external demand, says the National Prognosis Commission (CNP). 

"In 2017 we expect a favorable evolution for all industrial indicators against 2016, namely: the industrial output is estimated to increase by 7.6 per cent based on the external demand (8.8 per cent), while the domestic turnover is expected to grow by 4.9 per cent. In this context, the turnover volume per overall industry will increase by 6.8 per cent compared with the level recorded in the year 2016, with stocks for finished products to increase by 9.3 per cent. The increase in stocks of finished products this year is to compensate for the drop recorded last year, with the level to be close to the one in 2015," informs CNP. 

In what concerns the overall industry turnover, it is estimated an increase of 0.7 per cent in the same time span, compared with the previous quarter, with an expected increase in turnover on the external markets of 5.7 per cent, and a drop of 4 per cent respectively to be recorded in demand on the domestic market. 

"In the context of an increase in the industrial output of 3.7 per cent, in the 4th quarter of the year, the volume of stocks of finished products will be by 11.3 higher than the level recorded in the 3rd quarter of the current year," mentions the same source.

AGERPRES .

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